Summary: We do a lot of research here at InvestmentNews around practice management, from taking the pulse of advisory firms' financial performance to benchmarking the compensation and staffing of the elite firms in the industry. But after analyzing a firm's financial health and the single biggest factor on their bottom line — staffing — what practice-oriented feature affects advisory firm performance most?
 The best firms are dedicating 33% more of their tech budgets to outsourcing and consulting than their peers. Taking advantage of tech provider services for training and installation, or adopting more cloud services to free up in-house IT administration, frees up professionals to spend more time on core advisory activities, and less time administering firm technology."InvestmentNews. |
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